Dongfeng Group shares (00489) rose more than 7%. As of press release, it rose 7.34% to HK$3.95, with a turnover of HK$0.306 billion.
The Zhitong Finance App learned that Dongfeng Group shares (00489) rose more than 7%. As of press release, it had risen 7.34% to HK$3.95, with a turnover of HK$0.306 billion.
According to the news, on December 3, the China Automobile Association issued a statement stating its firm opposition to the new export control regulations of the US Department of Commerce. In order to ensure the safety and stability of the automobile industry chain and supply chain, the China Automobile Association suggests that Chinese automobile companies carefully purchase US chips. According to reports, several car companies have disclosed their chip localization rate targets. Among them, Dongfeng Group will achieve a 60% localization rate of automotive-grade chips by 2025, and challenge 80%.
In November of this year, the official website of the Wuhan Economic Development Zone released news that the Hubei Vehicle Grade Chip Industry Technology Innovation Consortium, led by Dongfeng Motor, released a high-performance automotive-grade MCU chip, the DF30, to fill the gap in the country. According to reports, this is an automotive-grade intelligent high-side driver chip localized throughout the entire process from design to manufacturing. It is widely used in automotive 12V ground load applications. It is equipped with two independent output channels, and provides various intelligent protection and diagnostic functions such as overvoltage protection, overcurrent protection, and overtemperature protection. It has now been officially mass-produced and installed in Dongfeng Motor's new energy models.